A 7-mile freight rail service within McClellan Business Park has a new owner. Australia-based First State Investments acquired Patriot Rail Co., a 12-railroad company based in Jacksonville, Florida, that includes McClellan-serving Sacramento Valley Railroad. Executives with both Patriot Rail and First State said they don’t expect any changes to the service at McClellan, where Patriot has operated since 2008.

Packaging Corporation of America announced today that its Board approved a regular quarterly dividend of $0.79 per share on its common stock. The quarterly dividend of $0.79 per share will be paid to shareholders of record as of September 13, 2019 with a payment date of October 15, 2019.

Sealed Air (NYSE:SEE) is never going to be pegged as a high-growth name. The current SEE stock price, near $44, although well up from December's low, is also well below the mid-2015 high near $56. The long-term downtrend is intact to be sure.Source: Shutterstock Sealed Air stock has done what most other stocks have been unable to do over the course of the past couple of trading days though. That is, overcome a market-wide bearish tide in response to last quarter's results. * 10 Generation Z Stocks to Buy Long One or two good days doesn't make a trend. But, all trends start out with one or two good days. If nothing else, the strength SEE stock has demonstrated of late, and the technical context behind it, suggests this name could be a good place to shield yourself from the latest wave of global economic turbulence.InvestorPlace - Stock Market News, Stock Advice & Trading Tips SEE Stock Price Soars on EarningsA new batch of tariffs on Chinese-made goods got the blame, and undoubtedly the added costs they'll impose on consumers and corporations will further stymie the economy. The broad market was due for a setback anyway, up 27% from December's low. Traders were just waiting for the right catalyst, already dragging the market lower before the announcement was made.SEE stock wasn't immune to that weakness either, peeling back from technical resistance early last week in front of Friday morning's second quarter report.Right on cue, a healthy Q2 print spurred a 7.7% bounce on Friday to test another recently-developed technical ceiling. Earnings of 80 cents per share of Sealed Air stock versus expectations of only 64 cents incited immediate buying, bolstered by an improved outlook. Full-year earnings guidance of between $2.65 and $2.75 was lifted to a range of between $2.70 and 2.80 per share. Sealed Air stock was down modestly on Monday, though the SEE stock price remains within reach of another breakout thrust that could pull it out of a multi-week lull.The persistent strength is a breath of fresh air, though suspicious given the backdrop. There's a double-barreled logic to the bullishness that suggests Sealed Air is a top name to own here and now. Two Reasons Sealed Air is ImmuneSealed Air makes packaging solutions, ranging from bubble wrap to fresh meat trays to IV bags. It competes directly and indirectly with the likes of Packaging Corp of America (NYSE:PKG) and Ball Corporation (NYSE:BLL), and while it's not a terribly crowded arena, it's a slow-growth business. Not counting its impending acquisition of Automated Packaging Systems, This year's top line is expected to only grow around 2%. Next year's projected revenue growth is on the order of 4%.SEE is a business that could prove something of a safe-haven in the coming months for a couple of key reasons.One of those reasons is the stability of the packaging business itself.The tariff war to date has primarily targeted technology, materials and foods. Sealed Air has a hand in some affected industries, but doesn't rely heavily on them. And, to the extent it does count on certain business focuses remaining robust, its role as a packager is largely unaffected by price changes for what's inside the package. It would take an outright recession to meaningfully impact Sealed Air's business.Second, it's not terribly reliant on China and other Asian countries for revenue. North America alone made up just under 60% of last quarter's total business, while its Asia and Pacific arm only made up less than 15% of its revenue in Q2. Automated Packaging Systems derives three-fourths of its revenue from North American customers, which will keep it primarily a domestic business.A more self-sufficient business environment with the United States actually plays into the hand Sealed Air is holding. What Next for Sealed Air Stock? Click to EnlargeThe unusual bullish argument may hold water in light of the unusual market circumstances, though that means little until and unless traders have good reason to expect more upside. And so far, they don't.That could change rather readily.In the very near term, the line in the sand is around $44.50, where SEE stock peaked in July as well as on Friday and Monday. A break above that level could be seen as more convincing proof of a breakout move, and inspire some new bulls that are still on the sidelines. Click to EnlargeBeyond that, the technical ceiling that has been guiding Sealed Air shares lower since 2015 has yet to be breached. It's at $46 right now. If the SEE stock price can punch through that resistance, look for investors and the financial media to start throwing around the rhetoric that sounds a whole lot like the bullish thesis just now laid out.In the absence of that technical progress, Sealed Air stock remains mostly a question mark despite its underappreciated resilience.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cyclical Stocks to Buy (or Sell) Now * 7 Biotech ETFs That Should Remain Healthy * 7 of the Hottest AI Stocks to Buy Now The post Response to Sealed Air's Q2 (Almost) Makes SEE Stock a Top Bet appeared first on InvestorPlace.

VANCOUVER, British Columbia, July 18, 2019 /PRNewswire/ -- ParcelPal Technology Inc. ("ParcelPal"), (PKG.CN) (PT0.F) (PTNYF) is pleased to announce that it plans to continue its national rollout to Ontario, aiming at Canada's financial capital, Toronto, as its initial launching point. ParcelPal has secured an office in Toronto, and is currently onboarding all key personnel to fill all necessary roles for the upcoming launch, which is expected to occur shortly. ParcelPal's mission is to exponentially grow its business by making mobile on-demand deliveries a common, widespread service throughout cities across Canada.

Packaging Corp of America NYSE:PKGView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for PKG with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding PKG are favorable, with net inflows of $10.18 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. PKG credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

Shares of containerboard companies fell Monday, after KeyBanc Capital analyst Adam Josephson turned bearish on several companies in the sector, as industry fundamentals continue to deteriorate. Shares of WestRock Co. fell 2.7%, Sealed Air Corp. shed 2.2%, Packaging Corp. of America slumped 2.2% and International Paper Co. slid 1.0%. The stocks were the four-biggest decliners within the SPDR Materials Select Sector ETF , which edged up 0.1%. Josephson cut his ratings on all four companies to underweight from sector weight. Although containerboard fundamentals are "worse now than in recent years," Josephson said valuations are now lower than in line with historical averages. That suggests consensus estimates for the companies have further room to fall, which suggests the stocks are more likely to underperform over the next 9 to 12 months. The stocks' selloff comes as the materials ETF has climbed 15.7% year to date, while the S&P 500 has gained 20.1%.

The paper sector is witnessing deteriorating fundamentals in containerboard, pulp and uncoated freesheet, according to KeyBanc Capital Markets. Despite industry fundamentals being worse than in recent ...

Packaging Corporation of America will hold a conference call on Thursday, July 25, 2019 at 9:00 a.m. Eastern Time to discuss second quarter 2019 results. The second quarter earnings results will be released after the market closes on Wednesday, July 24, 2019.

VANCOUVER, British Columbia, June 26, 2019 /PRNewswire/ -- ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (PKG.CN) (PT0.F) (PTNYF) is pleased to announce that it has formed a strategic partnership with Ontario based craft brewery Cowbell Brewing Co. ("Cowbell"). As part of the Company's national rollout strategy, ParcelPal is acquiring customers within the Ontario region in preparation for expansion, Cowbell being the first. Cowbell, Canada's Destination Brewery, is owned by the Sparling family which has entrepreneurial roots in Blyth, Ontario, going back three generations.